Freight railroads reached labor agreements with two unions, averting a strike for the holiday shipping season, after U.S. lawmakers said they were prepared to intervene in the dispute, Bloomberg reported Friday.
December 2, 2011Business
Truckers’ Handheld Cellphone Ban Takes Effect Jan. 3
The regulation banning truck drivers from using handheld phones while they drive will take effect Jan. 3, the Federal Motor Carrier Safety Administration said Friday.
December 2, 2011Business
Unemployment Rate Falls to 8.6%; Trucking Adds 3,600 Jobs
The unemployment rate dropped in November to 8.6%, the lowest in more than two and a half years, while the economy added 120,000 jobs, including 3,600 trucking jobs, the Labor Department said Friday.
December 2, 2011Business
Mica: No Highway Bill Until New Year
Rep. John Mica (R-Fla.) said this week he will not introduce a highway bill until next year, with the latest extension for transportation spending scheduled to run out March 31.
December 2, 2011BusinessLogistics
Intermodal Traffic Rises 3.7% for Week
U.S. intermodal traffic rose 3.7% for the week ended Saturday from a year ago, the Association of American Railroads reported.
December 2, 2011Business
November Automobile Sales Increase
Chrysler Group LLC and Nissan Motor Co. led automakers in U.S. November sales gains as the industry headed for its best sales pace this year, Bloomberg reported.
December 2, 2011BusinessLogistics
Ryder Expands Reverse-Logistics Capability
Ryder System has expanded its reverse-logistics business to include processing returns in the same facilities from which it forwards outbound shipments.
December 2, 2011Business
YRC Shareholders Approve Reverse Stock Split
YRC Worldwide’s shareholders approved a reverse split that would boost its per-share price by rolling each 300 shares held into one share.
December 1, 2011BusinessLogistics
UPS to Acquire Italian Logistics Firm
UPS on Thursday announced an agreement to purchase Pieffe Group, an Italian pharmaceutical logistics company. Terms were not disclosed.
December 1, 2011BusinessGovernment
ISM Manufacturing Index Rises to Five-Month High
U.S. manufacturing activity jumped in November, showing continued expansion for a 28th consecutive month, the Institute for Supply Management said Thursday.
December 1, 2011